Listing Courtesy of: Mason McCullough - Bridgewater Realty Advisors, LLC 504-901-0463
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5636 JUDGE PEREZ Drive Violet, LA 70092

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General Commercial Residence
Beds
Baths
9,400 Sq. Ft.
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Last updated on 11/28/2024 1:04 PM

Listing Details

ONLY 1 VACANT UNIT! Current monthly gross income is $12,084. Introducing 5636-38 E. Judge Perez Drive, a mixed- use commercial/residential property located in Violet, LA. This well-maintained 14-unit building consists of (7) 1 Bedroom 1 Bathoom units on the second floor and (7) commercial units on t...he ground floor. The convenience store located in the front of the building occupies (3) of the commercial units with a monthly rent of $3,000. Building has a NEW ROOF that was put on in 2023. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Rents on the second story residential units have been raised from $700 to $800 and for units A & B the rent has been increased to $1,147 per month. The market rate for the commercial units is $1,000 per month with the end cap taking up 3 spaces for $3,000 per month. For added convenience, ample off-street parking is available, eliminating the hassle of finding a parking spot and enhancing the overall living experience. In sum, 5636-38 E. Judge Perez Drive represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio. Continue reading
MLS#
2448750
Property Type
General Commercial
Year Built
2005
Square Feet
9,400 sq. ft
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Listing Courtesy of: Mason McCullough - Bridgewater Realty Advisors, LLC 504-901-0463
Andrea Conner, License BROK.995692987-ACT, Xome Inc., License BROK.0995686178-CORP, AndreaD.Conner @xome.com, 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


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